The government announced a hike in the fair and remunerative price (FRP) of sugarcane to Rs 340 a quintal from Rs 315 for the 2024-25 season. This is around 8% higher than the rate for the 2023-24 sugar season. The revised FRP will be applicable with effect from October 1, 2024. With this approval, sugar mills will pay FRP at recovery of 10.25%. With each increase of recovery by 0.1%, farmers will get additional price of Rs 3.32 while the same amount will be deducted on reduction of recovery by 0.1%, the Centre said in a statement.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
